Tocqueville Asset Management L.P. boosted its holdings in Apogee Enterprises Inc (NASDAQ:APOG) by 38.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,150 shares of the industrial products company’s stock after buying an additional 38,400 shares during the period. Tocqueville Asset Management L.P. owned 0.49% of Apogee Enterprises worth $6,607,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in shares of Apogee Enterprises by 57.4% during the 2nd quarter. Royce & Associates LP now owns 1,226,629 shares of the industrial products company’s stock valued at $59,087,000 after buying an additional 447,453 shares during the period. Midas Management Corp grew its stake in Apogee Enterprises by 17.8% during the 2nd quarter. Midas Management Corp now owns 53,000 shares of the industrial products company’s stock valued at $2,553,000 after purchasing an additional 8,000 shares in the last quarter. Sei Investments Co. grew its stake in Apogee Enterprises by 509.0% during the 2nd quarter. Sei Investments Co. now owns 59,659 shares of the industrial products company’s stock valued at $2,873,000 after purchasing an additional 49,863 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Apogee Enterprises during the 2nd quarter valued at approximately $897,000. Finally, Denver Investment Advisors LLC acquired a new stake in Apogee Enterprises during the 1st quarter valued at approximately $8,793,000. Institutional investors own 99.78% of the company’s stock.

Shares of Apogee Enterprises stock traded up $0.19 on Friday, reaching $48.84. 339,833 shares of the company were exchanged, compared to its average volume of 104,926. The firm has a market capitalization of $1.38 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.37 and a beta of 1.49. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 0.41. Apogee Enterprises Inc has a fifty-two week low of $37.24 and a fifty-two week high of $51.33.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 28th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. Apogee Enterprises had a return on equity of 17.33% and a net margin of 5.66%. The business had revenue of $336.50 million for the quarter, compared to the consensus estimate of $304.46 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Apogee Enterprises’s revenue for the quarter was up 23.6% compared to the same quarter last year. analysts expect that Apogee Enterprises Inc will post 3.57 EPS for the current year.

Several brokerages have recently commented on APOG. ValuEngine upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, July 4th. BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday. DA Davidson lowered Apogee Enterprises from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $52.00 in a research report on Friday, June 29th. They noted that the move was a valuation call. Finally, TheStreet upgraded Apogee Enterprises from a “c+” rating to a “b” rating in a research report on Thursday, June 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Apogee Enterprises has an average rating of “Hold” and a consensus target price of $54.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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